Company News for May 28, 2010 - Corporate Summary

• Royal Dutch Shell RDSA announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America

• Prudential PRU is reportedly trying to renegotiate its previous $35.5 bid for AIG's AIG Asian AIA unit, as major shareholder groups reportedly look to cut the offer by much as 15.5% to $30 billion

• Johnson & Johnson JNJ shares fell 0.2% Thursday, and were the only decliner on the DJIA, after executives told lawmakers its recall of Children's Tylenol reflected only "remote" concerns of health risks

• Needham upgraded shares of OmniVision OVTI to "strong buy" from "buy"

• Macquarie downgraded Deutsche Bank DB to "underperform" from "outperform"

• Deutsche Bank DB upgraded AmeriGroup AGP to "buy" from "hold," taking the price target to $42 from $38

• Deutsche Bank DB maintained its "buy" rating on Monsanto MON, but lowered its target price to $60 from $82

• Piper Jaffray PJC and Wells Fargo WFC both downgraded shares of Blue Coat Systems BCSI on expected softening of European demand